US dollar mixed on economic data

New York, Nov 18 (IANS) The US dollar traded mixed against other major currencies on Tuesday amid the country’s newly-released economic data.

The greenback was supported in early session by an increase in the US inflation. The US Consumer Price Index (CPI) for all urban consumers rose 0.2 percent in October on a seasonally adjusted basis, in line with market consensus, Xinhua cited the Labour Department report on Tuesday.

The index for all items less food and energy (core CPI) rose 0.2 percent in October, the same increase as in September. The core CPI has risen 1.9 percent over the past 12 months.

The US dollar pared some gains later as the country’s industrial data came out negative. US industrial production declined 0.2 percent in October after decreasing the same amount in September, according to statistics from the Federal Reserve on Tuesday.

The dollar index, which measures the greenback against six major peers, was up 0.17 percent at 99.613 in late trading.

In late New York trading, the euro fell to $1.0650 from $1.0678 in the previous session, and the British pound climbed to $1.5213 from $1.5197 in the previous session.

The Australian dollar rose to $0.7121 from $0.7091.

The US dollar bought 123.40 Japanese yen, higher than 123.28 yen of the previous session. It hiked to 1.0144 Swiss franc from 1.0101 Swiss franc, and went down to 1.3316 Canadian dollars from 1.3333 Canadian dollars.

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.